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Realtor.com CEO Ryan O'Hara steps down

Ryan O’Hara is stepping down from his role as CEO of Move Inc., the company that operates the realtor.com website, after four years.

The company says it’s now searching for a successor to O’Hara, who has led it since January 2015.

“Ryan has transformed realtor.com, overseeing a period of remarkable growth, with revenues more than doubling during his tenure,” Robert Thomson, chief executive of News Corp., said in a statement. “Ryan and the talented team have helped realtor.com more than triple the number of unique users since our acquisition less than five years ago, reaching an all-time record of more than 73 million in May.”

O’Hara hasn’t just made the site more popular however, but has also expanded its scope. Last fall for example it bought a company called Opcity, which operates a technology platform that matches qualified home buyers and sellers with real estate agents.

Realtor.com’s parent company Move was itself acquired by media magnate Rupert Murdoch’s News Corp. in November 2014.

“I am grateful to Rupert Murdoch, Robert Thomson, and News Corp. for affording me the opportunity to lead five different businesses on two continents over two stints with this company,” O’Hara said in a statement. “My time at Move has been especially rewarding both professionally and personally. I am proud of the business results and the many great professionals I worked with who helped achieve them. There is no doubt that realtor.com is smartly positioned for an even brighter future.”

O’Hara will step down from his role on June 18, with Tracey Fellows stepping up as interim CEO of the company while it searches for a new boss. Fellows will continues to serve as News Corp.’s president of global digital real estate during the transition period.

Mike Wheatley

Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at mike@realtybiznews.com.

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